The dollar regained traction after four-day fall stalled on attempts to clear key supports at 114.36/31 (55DMA / Fibo 61.8% of 113.47/115.68). Fresh strength signals formation of a bear trap, which underpins recovery, but requires confirmation on today’s bullish close, preferably above 114.80, to form bullish engulfing and add to positive signals. Daily MA’s are […]
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Daily Pivots: (S1) 1.7367; (P) 1.7431; (R1) 1.7521; More… Intraday bias in EUR/AUD remains neutral at this point. Further fall is in favor as long as 1.7628 resistance holds. Below 1.7245 will target 61.8% retracement Read more…
Daily Pivots: (S1) 0.9382; (P) 0.9402; (R1) 0.9430; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. Rebound from 0.9218 is either as a corrective move or the third leg of the pattern Read more…
Markets The new leg in the ‘reflation rebound’ as triggered by a promising outcome in US-Sino trade talks last weekend ran into resistance. US yields yesterday were closing in on some kind of a technical Read more…